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Minutes of Japan's Monetary Policy Meeting

Central Banking staff

15 Jan 2003

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MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 30 October 2002, released 20 December. Consumer prices continued to decline by slightly less than 1 percent year on year. The pace of year-on-year decline in the Consumer Price Index contracted slightly in October due to the reduction in the rate of decline in prices of goods. The breakdown of the index showed that the reduction in the rate of decline was conspicuous in clothes and food products.